Concern among Los Angeles billionaires

Judge for yourself: A house of 11,000 square feet bought $ 16.25 million in 2014, up for sale $ 20 million in 2015, will finally sold $ 15.95 million in 2016, a loss. This is not the Brexit because the decline was already observed. All this is in large part to the slowdown of the global economy, which has a direct impact on the living standards of billionaires. And the price cuts are seen especially for the most expensive properties.